US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation
FXStreetMay 13, 2025 6:37 AM
US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”
Additional quotes
- President Trump wants to rebalance the US economy.
- China needs to rebalance towards consumption economy.
- We do not want a generalised decoupling between the two largest economies in the world.
- United States will bring medicine, semiconductor and other strategic industries home.
- Very productive discussions with Japan.
- Focused on Asia deals, Indonesia has been very forthcoming, Taiwan presented very good proposals.
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